Analysing the operational risks in supply chain by using weighted interpretive structure modelling technique
Mahesh Chand,
Tilak Raj and
Ravi Shankar
International Journal of Services and Operations Management, 2014, vol. 18, issue 4, 378-403
Abstract:
Risk in the context of supply chain management plays an important role. Risk management is the key area for the competitiveness and the growth of industries. In this paper, ten operational risk factors have been identified through literature review, they are further analysed by using weighted interpretive structural modelling (W-ISM) approach. ISM approach is used to develop a structural modelling between these factors and a method of effectiveness index (EI) is used to identify the key areas. The effectiveness index evaluated in this paper will help the industries to benchmark their performance by managing the risks reported in this study.
Keywords: operational risks; supply chain management; SCM; interpretive structural modelling; weighted ISM; effectiveness index; supply chain risk; risk management. (search for similar items in EconPapers)
Date: 2014
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Persistent link: https://EconPapers.repec.org/RePEc:ids:ijsoma:v:18:y:2014:i:4:p:378-403
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